Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Qnity Electronics, Inc. (NYSE:Q – Free Report) by 98.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 87,737 shares of the premier technology solutions leader’s stock after purchasing an additional 43,475 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Qnity Electronics were worth $10,123,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of Q. Kestra Private Wealth Services LLC acquired a new stake in Qnity Electronics in the fourth quarter valued at $769,000. Cohen Klingenstein LLC purchased a new stake in Qnity Electronics during the 4th quarter worth about $587,000. Wesbanco Bank Inc. acquired a new position in shares of Qnity Electronics during the 4th quarter worth about $1,566,000. KBC Group NV acquired a new position in shares of Qnity Electronics during the 4th quarter worth about $12,189,000. Finally, Keybank National Association OH purchased a new position in shares of Qnity Electronics in the 4th quarter valued at about $6,586,000.
Qnity Electronics Stock Performance
NYSE Q opened at $141.82 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.12 and a quick ratio of 1.57. Qnity Electronics, Inc. has a 1 year low of $70.50 and a 1 year high of $177.28. The company has a market capitalization of $29.69 billion and a PE ratio of 48.74. The company has a fifty day moving average of $153.37 and a two-hundred day moving average of $122.70.
Qnity Electronics Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Monday, August 31st. Qnity Electronics’s dividend payout ratio (DPR) is currently 11.00%.
Analyst Ratings Changes
Q has been the topic of several research analyst reports. Mizuho raised their target price on Qnity Electronics from $170.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday. BMO Capital Markets reaffirmed an “outperform” rating and issued a $180.00 price target on shares of Qnity Electronics in a report on Wednesday, May 13th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $165.00 price target on shares of Qnity Electronics in a report on Wednesday, May 13th. Royal Bank Of Canada increased their price target on shares of Qnity Electronics from $150.00 to $200.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Finally, Zacks Research raised shares of Qnity Electronics from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $152.44.
Check Out Our Latest Analysis on Qnity Electronics
Qnity Electronics Company Profile
Qnity Electronics Inc is a premier technology solution provider across the semiconductor value chain. Qnity Electronics Inc is based in WILMINGTON, Del.
Featured Stories
- Five stocks we like better than Qnity Electronics
- These Stocks Could Win as Wall Street Looks Beyond AI Software
- D.R. Horton Is Defying the Housing Gloom
- Why Flywire and Airbnb Could Be Quiet Winners of a Ceasefire
- Broadcom and OpenAI Unveil JalapeƱo: An Early Step to Massive AI Growth Potential
Want to see what other hedge funds are holding Q? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Qnity Electronics, Inc. (NYSE:Q – Free Report).
Receive News & Ratings for Qnity Electronics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Qnity Electronics and related companies with MarketBeat.com's FREE daily email newsletter.
